Multifamily

Glendale Terrace

2313-2330 Glendale Terrace, Alexandria, VA 22303

Listing Price: $7,200,000

Cap Rate
4.40%
Number of Units
32
Price/Unit
$225,000
Price/Gross SF
$267.86
Gross SF
26,880

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire the Glendale Terrace Apartments, a 32-unit, non-rent controlled apartment building one block away from the Huntington Metro Station, six metro stops from Amazon HQ2. The Glendale Terrace Apartments present an investor with the opportunity to acquire a core-quality Northern Virginia asset with value add potential. Ideally positioned in the Huntington neighborhood of Alexandria, Glendale Terrace Apartments is poised to capture the benefits of a booming rental market and Amazon HQ2 growth.

Investment Highlights

  • NEARBY DEVELOPMENT
  • PROXIMITY TO AMAZON HQ2 GROWTH
  • FUTURE REDEVELOPMENT POTENTIAL

Exclusively Listed By

  • Marty Zupancic

    First Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • Eric Jentoft-Herr

    Associate

    Email Eric

    License(s): MD: 681604, DC: SP200203903

    Washington, D.C.

  • Nick Murray

    Associate

    Email Nick

    License(s): VA: 0225240410

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Listing Price: $7,200,000

Cap Rate
4.40%
Number of Units
32
Price/Unit
$225,000
Price/Gross SF
$267.86
Gross SF
26,880

Investment Highlights

  • NEARBY DEVELOPMENT
  • PROXIMITY TO AMAZON HQ2 GROWTH
  • FUTURE REDEVELOPMENT POTENTIAL

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire the Glendale Terrace Apartments, a 32-unit, non-rent controlled apartment building one block away from the Huntington Metro Station, six metro stops from Amazon HQ2. The Glendale Terrace Apartments present an investor with the opportunity to acquire a core-quality Northern Virginia asset with value add potential. Ideally positioned in the Huntington neighborhood of Alexandria, Glendale Terrace Apartments is poised to capture the benefits of a booming rental market and Amazon HQ2 growth.

Exclusively Listed By

  • Marty Zupancic

    First Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • Eric Jentoft-Herr

    Associate

    Email Eric

    License(s): MD: 681604, DC: SP200203903

    Washington, D.C.

  • Nick Murray

    Associate

    Email Nick

    License(s): VA: 0225240410

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

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